Legal Question in Wills and Trusts in New Jersey
transfer of deed to son
My uncle was just placed in a nursing home. I just found out that 2 years ago when my aunt was in a nursing home, my uncle had to sign his home over to the state to cover expenses. I talked to my parents about this matter, and they want to sign the deed of their home over to me so my sister and I can have a inheritance. How can this be done, and how will this effect my tax structure. Is there a way to do this without costing me money. Thank you in advance
--name removed--
Asked on 7/28/05, 11:26 pm
1 Answer from Attorneys
Robert Davies
The Davies Law Firm, P.A.
Re: transfer of deed to son
your question is fairly common. there are strict limits on what you can do, and this needs to be discussed in detail. please call me at 973 890 0400.
Answered on 7/29/05, 12:45 pm